Price for Meat of Bovine Animals; Fresh or Chilled in Qatar - 2023

Price for Meat of Bovine Animals; Fresh or Chilled in Qatar (CIF) - 2023

In October 2023, the average import price for meat of bovine animals; fresh or chilled amounted to $10,562 per ton, growing by 9.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices reached the maximum at $11,119 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($36,043 per ton), while the price for Pakistan ($3,986 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Meat of Bovine Animals; Fresh or Chilled in Qatar (FOB) - 2022

The average export price for meat of bovine animals; fresh or chilled stood at $4,662 per ton in 2022, surging by 34% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +10.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2020 to 2022, the rate of growth in terms of prices for India amounted to 0.0% per year.

Imports of Meat of Bovine Animals; Fresh or Chilled in Qatar

Imports of meat of bovine animals; fresh or chilled into Qatar surged to 7.8K tons in 2022, jumping by 16% on the previous year's figure. In general, imports, however, continue to indicate a pronounced shrinkage.

In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $70M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Meat of Bovine Animals; Fresh or Chilled in Qatar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	18.9	16.0	14.4	17.9	-1.8%
Brazil	4.0	9.7	11.3	14.4	53.3%
South Africa	4.7	6.1	9.2	11.9	36.3%
United States	3.7	4.2	4.7	7.6	27.1%
New Zealand	5.1	3.2	3.2	4.3	-5.5%
Pakistan	7.4	1.4	1.8	3.8	-19.9%
India	2.3	1.9	2.6	3.7	17.2%
Sudan	2.9	0.9	1.2	0.3	-53.1%
Others	4.2	2.2	4.1	5.7	10.7%
Total	53.2	45.5	52.5	69.5	9.3%

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Qatar in 2022:

Brazil (2462.3 tons)
South Africa (1296.1 tons)
Australia (959.3 tons)
India (838.1 tons)
Pakistan (813.9 tons)
New Zealand (400.8 tons)
United States (324.5 tons)
Sudan (63.1 tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Qatar

After two years of growth, shipments abroad of meat of bovine animals; fresh or chilled decreased by -60.2% to 7.5 tons in 2022. Over the period under review, exports faced a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of 19 tons, and then reduced rapidly in the following year.

In value terms, exports of meat of bovine animals; fresh or chilled reduced remarkably to $35K in 2022. Overall, exports faced a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of $66K, and then fell notably in the following year.